2019-2-19 14:45 |
Uber posted $1. 8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2. 2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.
” Maybe. But maybe not. Focusing on the high tech taxi company’s negative profits in 2018 might be missing the bigger picture of the value it represents over a bump in the road. It is an understatement to say Uber has no problem making money. The 2017 and 2018 “losses” aren’t because of bad
The post Did Pre-IPO Uber ‘Lose’ $1. 8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance? appeared first on CCN
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